Sparebank 1 Ostfold Akershus (SOAG) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Sparebank 1 Ostfold Akershus stock NOK 531, price NOK 456, upside +16.4%, quality 58 out of 100. Rating: undervalued. Calculated from audited financials with 4 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range kr 217.50 – kr 475.00 · fair‑value band kr 398.18 – kr 663.63 · the kr 456.00 price screens below the kr 530.91 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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SpareBank 1 Østfold Akershus operates as a savings bank that provides various banking products and services in Norway. It offers savings in funds; savings accounts; savings for children and retirement; and stocks and investment products.
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The company also provides mortgage, car, moving, consumer, vehicle, green, and transferring loans, as well as refinancing of mortgage and consumer debt; financing services, including overdrafts, leasing, business loans, bank guarantees, construction loans, growth guarantee schemes, operating credit for agriculture, factoring, and invoice sales.
In addition, it offers pension products; car, home, personal, pet, vehicle, travel, machinery, building, employee and personal, and farm and agricultural insurances; and property services.
Further, the company provides mobile and online banking; bank card and credit card; and pay and transfer services. SpareBank 1 Østfold Akershus was founded in 1835 and is based in Moss, Norway.
Stock analysis
Sparebank 1 Ostfold Akershus (SOAG) currently trades at kr 456.00, while our model-based Fair Value estimate is kr 530.91, implying the stock looks roughly 14% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of kr 530.91 per share, and 2 of the 4 models we run sit above the kr 456.00 price.
Bear case: the Asset-Based group reads lowest at kr 283.07, and 2 of the 4 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 398.18 (bear) to kr 663.63 (bull), the price of kr 456.00 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 58/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Sparebank 1 Ostfold Akershus reported revenue of 1.2B NOK in FY2025 versus 813M NOK in FY2021, a compound +11.0%/yr. Reported net income was 657M NOK in FY2025, compounding +10.4%/yr from FY2021.
Key figures
Market cap 5.6B NOK (≈ $598M) Small · P/E ratio 10.3 · P/S ratio 4.20 · EPS (TTM) kr 44.40 · Dividend yield 5.4% · Net margin 45.2% · Return on equity 13.4% · Return on assets (EBIT) 1.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 70 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 14% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at 16%, SOAG screens cheaper than that median.
Fair Value models
Bearkr 398.18Fair Value kr 530.91Bullkr 663.63
Price kr 456.00 · Upside +16.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 17.01 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.92/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+4.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.4%
Start year 2020 (pandemic). Over 10 years: +8.0% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.5%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+15.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.2%
Dividend (yield on the price)5.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.10.2% vs 9.5%, steady
Compare Sparebank 1 Ostfold Akershus with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 998 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside+16.4% · Top 25%
Profitability
Return on equity (12 months)13.4% · Above median
Return on assets2.1% · Top 25%
Net margin (12 months)45.2% · Top 25%
Operating margin (12 months)56.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−10.4% · Bottom 25%
Dividend yield (12 months)5.4% · Top 25%
Balance sheet
Debt / equity0.90× · Highest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (12 months)10.3× · Cheaper than median
P/B1.07× · Cheaper than median
P/S (12 months)4.20× · Pricier than median
Price / free cash flow (fiscal year)7.9× · Cheaper than median
EV/EBITDA14.6× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)55· sector 8
FUTURE (revenue growth)0· sector 47
PAST (return on equity)54· sector 43
HEALTH (low debt)–
DIVIDEND (yield)100· sector 53
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Sparebank 1 Ostfold Akershus (SOAG) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of kr 530.91 versus a price of kr 456.00, about +16% upside (undervalued).
What is the fair value of SOAG?
Our model-based fair value for Sparebank 1 Ostfold Akershus is kr 530.91 (as of Nov 7, 2026), built from audited fundamentals. The current price: kr 456.00.
What is the quality score of SOAG?
Sparebank 1 Ostfold Akershus has a Quality Score of 58/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Sparebank 1 Ostfold Akershus (SOAG)?
Our model-based price target is the fair value of kr 530.91 (as of Nov 7, 2026) from 4 valuation models. Cautious scenario kr 398.18, optimistic scenario kr 663.63. It is a calculation from audited fundamentals, not an analyst target.
What is the Sparebank 1 Ostfold Akershus stock forecast for 2026?
Our models put fair value at kr 530.91, about +16% upside versus a price of kr 456.00 (undervalued). Cautious scenario kr 398.18, optimistic scenario kr 663.63. The calculation is refreshed regularly with new filings.
What is the revenue of Sparebank 1 Ostfold Akershus (SOAG)?
Sparebank 1 Ostfold Akershus reported trailing-twelve-month revenue of about 1.3B NOK (latest available figure, as of Nov 7, 2026).
Does Sparebank 1 Ostfold Akershus pay a dividend?
Sparebank 1 Ostfold Akershus currently shows a dividend yield of 5.37% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Sparebank 1 Ostfold Akershus (SOAG) and when is the ex-dividend date?
Sparebank 1 Ostfold Akershus pays a dividend of kr 24.50 per share a year, a dividend yield of 5.4%. The last ex-dividend date was Mar 26, 2026. A dividend has been paid every year since at least 2006. The payout ratio is 55.2% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
What is the intrinsic value of Sparebank 1 Ostfold Akershus (SOAG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sparebank 1 Ostfold Akershus it is kr 530.91 per share (as of Nov 7, 2026), against a price of kr 456.00. It is the blended result of 4 valuation models in 3 families (Multiples, Asset-Based, Economic Profit).
Is Sparebank 1 Ostfold Akershus stock overvalued or undervalued in 2026?
As of Nov 7, 2026, SOAG trades below its calculated fair value: price kr 456.00, fair value kr 530.91, a gap of about +16% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SOAG?
No. The price is what the market pays today (kr 456.00); the fair value is what the company's own numbers justify (kr 530.91). For Sparebank 1 Ostfold Akershus the two are kr 74.91 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sparebank 1 Ostfold Akershus worth?
The market values Sparebank 1 Ostfold Akershus at about 5.6B NOK (market capitalisation, as of Nov 7, 2026). Per share that is kr 456.00; our models calculate a fair value of kr 530.91 per share.
What do the bullish and bearish scenarios say about SOAG?
Our models span a range for Sparebank 1 Ostfold Akershus: cautious scenario kr 398.18, base kr 530.91, optimistic kr 663.63 per share (as of Nov 7, 2026, price kr 456.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SOAG?
Sparebank 1 Ostfold Akershus trades at a price-to-earnings ratio of 10.3 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 530.91 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 7.7. Other multiples: P/B 1.1, P/S 4.2, EV/EBITDA 14.6.
How solid is the balance sheet of Sparebank 1 Ostfold Akershus (SOAG)?
Balance-sheet figures for Sparebank 1 Ostfold Akershus (as of Nov 7, 2026): return on equity 13.4%, debt of 0.90 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is SOAG from its 52-week high?
Sparebank 1 Ostfold Akershus trades at kr 456.00, about 4% below its 52-week high of kr 475.00 and 14% above the low of kr 398.64 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 530.91 is for.
Which stocks are comparable to Sparebank 1 Ostfold Akershus?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Sparebank 1 Ostfold Akershus stock attractive at the current price?
The data as of Nov 7, 2026: price kr 456.00, calculated fair value kr 530.91 (+16%), Quality Score 58/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SOAG calculated?
We run Sparebank 1 Ostfold Akershus through 4 models from 3 families: Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of kr 530.91 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Sparebank 1 Ostfold Akershus currently trades 14% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Sparebank 1 Ostfold Akershus (SOAG)?
The closing price on Nov 6, 2026 was kr 456.00. Our model-based fair value is kr 530.91, about +16% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sparebank 1 Ostfold Akershus right now?
For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Sparebank 1 Ostfold Akershus (SOAG) come from?
Earnings per share at Sparebank 1 Ostfold Akershus grew +5.4 % a year from 2008 to 2019. Broken into its drivers: revenue per share −5.4 %, EBIT margin −9.9 %, tax rate +0.4 %, residual (interest, one-offs) +23.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Sparebank 1 Ostfold Akershus
How large is the market capitalisation of Sparebank 1 Ostfold Akershus (SOAG)?
The market capitalisation of Sparebank 1 Ostfold Akershus is 5.6B NOK (≈ $598M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Sparebank 1 Ostfold Akershus (SOAG)?
The price-to-sales ratio of Sparebank 1 Ostfold Akershus is 4.20 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sparebank 1 Ostfold Akershus (SOAG)?
Earnings per share at Sparebank 1 Ostfold Akershus are kr 44.40 (price ÷ EPS = P/E 10.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sparebank 1 Ostfold Akershus (SOAG)?
The dividend yield of Sparebank 1 Ostfold Akershus is 5.4% (payout 55.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Sparebank 1 Ostfold Akershus (SOAG)?
The net margin of Sparebank 1 Ostfold Akershus is 45.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Sparebank 1 Ostfold Akershus (SOAG)?
The return on equity (ROE) of Sparebank 1 Ostfold Akershus is 13.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Sparebank 1 Ostfold Akershus (SOAG)?
On an EBIT basis the return on assets of Sparebank 1 Ostfold Akershus is 1.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Sparebank 1 Ostfold Akershus (SOAG)?
The operating margin of Sparebank 1 Ostfold Akershus is 56.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sparebank 1 Ostfold Akershus (SOAG)?
Revenue at Sparebank 1 Ostfold Akershus is growing −10.4% versus a year earlier (3y avg +9.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Sparebank 1 Ostfold Akershus (SOAG)?
Earnings per share at Sparebank 1 Ostfold Akershus are growing −25.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Sparebank 1 Ostfold Akershus (SOAG) generate?
The free cash flow of Sparebank 1 Ostfold Akershus is 716M NOK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Sparebank 1 Ostfold Akershus (SOAG) carry?
The net debt of Sparebank 1 Ostfold Akershus is 4.7B NOK (fiscal year 2025, ≈ 6.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 7, 2026